Is The Charlotte Food And Beverage Industry Softening?
Is the Charlotte food and beverage industry softening? I stumbled onto an interesting discussion about this very topic over the weekend and wanted to share some of the more pertinent comments.
The food and beverage industry definitely experienced a post-pandemic boom. Restrictions were lifted, and people were ready to party. But they were also greeted by supply issues and higher prices. Now that things are settling down, is the industry softening?
“People went ham, but it seems like prices never decreased after the supply issues we had in 20/21 stopped being a problem,” said Reddit user u/StuBeck. “I’d rather cook at home than get bad service at a restaurant and expect to pay $20 for a hamburger.”
One commenter said the higher prices can be traced back to labor costs. “It’s payroll,” said Reddit user u/RamekinOfRanch. “The two biggest factors for restaurants are (cost of goods) and Labor. We used to pay $13-15 at the start of the pandemic for cooks now base pay is 18+. Can’t cut prices if I want to keep my decent cooks.”
Practical budgeting is a driving force for some households. Even with a reasonable level of disposable income, inflation is putting the pinch on eating out.
“We’ve looked at our budget recently and have come to the conclusion that we simply can’t justify going out for food or drinks much more than once a week,” commented Reddit user u/CharlotteRant. “It doesn’t seem to even matter where we go. Leaving the house costs $50 minimum. Honestly, being more realistic, probably $100-150 for a few drinks and a meal. Hell a food truck sets you back $40 without even trying.”
Another Redditor blamed the tipping culture.
“While I don’t mind tipping, I cannot afford to pay a 20%+ social tax everywhere I go to spend money,” said u/cdgsyn1. “It seems like every business expects tips now, and these tipping standards seem to get higher by the day.
Read the whole discussion on Reddit.
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